The historical data for cassava production in Guatemala shows relatively stable production levels from 2014 to 2023, fluctuating between 3.8 and 5.0 thousand metric tons. Particularly, 2015 saw a significant 25% increase compared to 2014. However, cassava production then plateaued at 5.0 thousand metric tons from 2015 to 2017, before dropping by 20% in 2018. This trend of declining production continued with a small decrease in 2020. Production levels stabilized again at 4.0 thousand metric tons from 2021 to 2023.
Looking ahead to the forecasted data, production is expected to slightly decline to 3.9 thousand metric tons from 2025 onwards. The overall 5-year Compound Annual Growth Rate (CAGR) from 2023 to 2028 is forecasted to be -0.51%, indicating a slight negative trend.
Future trends to watch for include potential impacts of climate change on agricultural yields, technological advancements in farming practices, and possible changes in governmental policies supporting or restricting cassava farming. These factors could significantly affect the stability and productivity of cassava production in Guatemala in the coming years.
